The life of building a start-up business is intense. You’ve come up with a concept and an idea and invested in developing it into a marketable opportunity. The relationships you develop with your staff and external parties both in the early stages, and then once the business is up and running, are vital to its success.
If you are forced to initiate litigation against a party and ultimately obtain a judgment in your favour, sometimes you have to take steps to enforce that judgment. Following our departure from the European Union, the enforcement of cross-border judgments has now become more complex.
Insurers ordered to pay out – An Important development in recognising insurance claims for small business losses caused by COVID-19
In March 2020, as a result of the emergence of COVID-19, a number of small businesses made claims through their insurance policy providers for loss of earnings. They relied on provisions within those policies that ostensibly covered events of business interruption. The insurers refused to pay for losses claimed on the basis that the policies didn’t cover the unprecedented restrictions arising from COVID-19.